Back to the overview
Acquisitions + Mergers - Corporate News

Pentair Completes Transaction to Acquire Assets of Ken’s Beverage, Inc.

21.05.2021
Pentair plc announced that it completed the previously announced transaction to acquire the assets of Ken’s Beverage, Inc. (KBI), for approximately $80 million in cash, subject to customary adjustments. For over 35 years, and operating with 30 branches and over 300 trained technicians, KBI has provided beverage equipment and services to commercial customers.

“We are excited about the addition of KBI and the new growth opportunities it brings as we advance our strategy to provide a full suite of products and services for commercial customers,” said Mario D’Ovidio, Executive Vice President and President, Pentair Consumer Solutions. “This acquisition further realizes our vision to be the leading provider of residential and commercial water treatment solutions, delivering smart, sustainable solutions that empower customers to make the most of life’s essential resources.”

“We are pleased to become a part of Pentair,” said Ken Reimer, founder of KBI and Commercial Services Business Development Leader for Pentair Water Treatment Services. “With our shared commitment to delivering exceptional beverage services and solutions to our customers, I am personally looking forward to continuing to grow the service capability as part of the Pentair team.”

Source: Pentair plc.

More articles on this topic

Airside Water Management: Sulzer Pumps Supporting the Expansion of Frankfurt Airport
Contracts + Case Stories

Airside Water Management: Sulzer Pumps Supporting the Expansion of Frankfurt Airport

17.07.2024 -

Designing new airport terminals is a complex task and involves many engineering disciplines. While the flow of passengers and luggage are obvious areas for optimization, the planning and design of equipment for managing wastewater and rainwater are equally important, even if they are less noticeable. Sulzer has applied its expertise to the new terminal under construction in Frankfurt, Germany, to ensure all the wastewater remains out of sight.

Read more
BPMA Observes Department of Business and Trade’s Extension of CE Marking Recognition
Miscellaneous

BPMA Observes Department of Business and Trade’s Extension of CE Marking Recognition

19.02.2024 -

The British Pump Manufacturers Association (BPMA) has taken note of the announcement by Minister Hollinrake regarding the extension of CE marking recognition in the UK market. This significant development, following the Department of Business and Trade’s August 2023 declaration of continued recognition for certain product regulations, prompts reflection and analysis from the BPMA on its implications for the pump sector.

Read more